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GBPUSD LONG

by Matthew B, August 11, 2021

GBP/USD H1 DEMAND ZONE REACTION/WEAK USD NEWS

by Matthew Bond August 11, 2021

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GBP/USD

|

Long

|

H1

Timeframe:

H1

Analysis Method:

DEMAND ZONE REACTION/WEAK USD NEWS

Analysis:

BREAK OF STRUCTURE TO THE UPSIDE ON THE BACK END OF THE USD CPI DATA. ALSO REACTED FROM A DEMAND ZONE. THIS ONE MAY RUN AWAY STRAIGHT TO SUPPLY LEVELS. BUT IF NOT I WILL BE LOOKING FOR A LONG POSITON ON A PULL BACK INTO A DEMAND ZONE

Trade Plan:

SUPPLY/DEMAND NAKED TRADING

Risk Management:

0.25%

Things To Watch For:

NO NEWS UNTIL THURS

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